Sale 1 oz Australian philharmonic silver coins as low as 5.44 above spot

Why gold could soon get a boost from the wild market volatility

Gold is down. Through Thursday, the precious metal had declined almost 2 percent for the week after falling more than 1 percent last week.

Gold is down. Through Thursday, the precious metal had actually decreased almost 2 percent for the week after falling more than 1 percent last week. He calls it a purchasing opportunity ought to gold fall further.

Some market watchers are bullish on the metal despite its decrease. He calls it a purchasing opportunity must gold fall even more.

– Golds 100-day moving average, at $1,294 since Thursday night, represents about 2 percent listed below where gold was trading on Thursday. At this level, around $1,300, would be a solid purchasing opportunity and technical support.

We found this outstanding article at https://www.cnbc.com/2018/02/09/why-gold-could-soon-get-a-boost-from-the-wild-market-volatility.html By: Rebecca Ungarino and thought it would useful to our fans.

Conventional knowledge would suggest the wild market swings, triple- to quadruple-digit point drops in the Dow Jones industrial average, and major U.S. markets participating in corrections would hint greater gold costs as financiers flock to safe sanctuaries.

Bottom line: Commodity trader Bill Baruch is bullish on gold at these levels regardless of the current weakness and sees a purchasing opportunity around the $1,300 level.

Here is an article concerning why gold might quickly get a boost from the wild market volatility. , if you have any questions about the post on desire to read the initial short article check out the link at the bottom of this post.

It hasnt.

.

– At its 2018 high, gold was up almost 10 percent from its December lows; its now up a little over 6 percent from its December lows around $1,241 per ounce.

– The dollar has room to fall here, and any significant decrease would be a key catalyst in gold breaking higher in the next 3 to six months.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on pinterest
Pinterest
Share on skype
Skype
admin

admin

Leave a comment

Your email address will not be published. Required fields are marked *

0